$1,195,000 Closed
173 Cottonwood Drive
Stateline, NV 89449
SOLD 2026-02-27
Sold for $1,175,000 (listed at $1,195,000)
3 Beds
·
2.0 Baths
·
1,328 Sq Ft

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About This Property

Welcome to this stylishly renovated, single-level mountain retreat designed for effortless Tahoe living and unforgettable four seasons. Located in the highly desirable lower Kingsbury neighborhood of Stateline, this fully furnished, turnkey home places you just minutes from world-class skiing at Heavenly, Lake Tahoe's beaches, scenic hiking and biking trails, and the dining, shopping, and nightlife of Heavenly Village. Whether you're chasing fresh powder, hosting après-ski gatherings, or enjoying laid-back lake days, this home delivers the ultimate Tahoe lifestyle. Inside, modern updates meet relaxed mountain comfort. The updated kitchen features new appliances, a casual dining area for four, and a four-seat breakfast bar—ideal for quick breakfasts before first chair or hosting friends after a day on the mountain or lake. The open, functional layout flows effortlessly for both everyday living and entertaining. Three comfortable bedrooms and two well appointed full bathrooms, including a private primary suite with en-suite bath, offer flexible sleeping arrangements well-suited for families, groups, and short-term rental guests alike. Smart upgrades enhance comfort, safety, and efficiency, including a Ring security system, monitored fire alarm, tankless water heater, and a retrofitted furnace providing reliable year-round heating and cooling. The home is truly turnkey and fully furnished—ready for immediate personal enjoyment or permit approved continued rental operation. Set on a fully fenced 0.21-acre lot, the outdoor spaces invite year-round enjoyment. The patio is ideal for post-ski relaxation, summer BBQs, and evenings under the stars, while the landscaped front and rear yards offer privacy and a clean, low-maintenance setting. The two-car garage is perfectly suited for modern mountain living, featuring a new insulated door with remote access, an EV charging station, and extensive shelving for organized gear storage. The flat driveway provides convenient additional parking, a valuable feature for guests, and the separate storage shed adds even more space for seasonal equipment. Currently operating as a successful short-term rental with 37 five-star reviews, this property offers a compelling opportunity for investors seeking proven performance, strong guest appeal, and flexible use. Whether as a primary residence, second home, or income-producing STR, this home checks all the boxes for today's Tahoe buyers. A modern, ski-ready, and investment-friendly Tahoe home in one of Stateline's most sought-after neighborhoods—where comfort, adventure, and opportunity come together.

Listed by Rachel Jones — Coldwell Banker Select ZC

Listing Details

Status Closed
MLS # 260000236
Sold Date 2026-02-27
Sold Price $1,175,000
Price/Sq Ft $900

Property History

Jan 08, 2026
Listed for sale
$1,250,000
Current
Sold
$1,175,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2024 $1,225,000 Tiffany GrimesRE/MAX Gold-Incline Village Rachel JonesColdwell Banker Select ZC
Feb 2026 · this listing $1,175,000 (-4%) Rachel JonesColdwell Banker Select ZC Mike DunnChase International - ZC

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,328
Lot Size 0.21 acres
Stories 1
Year Built 1965
Property Type Single Family Residence
Subdivision Kingsbury Meadows
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-810-034
Parking
Garage Spaces 2
Total Parking 4
Parking Features Additional Parking, Attached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Roof Shingle
Foundation Concrete Perimeter, Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Electric, Fireplace(s), Forced Air, Heat Pump
Cooling Central Air, Refrigerated
Financial
Annual Tax $2,334
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12

STR Investment Summary — 173 Cottonwood Drive, Stateline

Est. Gross Annual Revenue
$35K – $55K
typically ~$50,000
Avg Nightly Rate
$259
Projected Occupancy
52.8%
Cap Rate
1.7%
Structural Score: 70 / 100 (Premium) · STR Zone: Green

Based on comparable vacation rental performance data for Stateline. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,024 sq ft covered of 1,851 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
9,257 sq ft
Allowed Coverage
1,851 sq ft · 20%
Existing Coverage
3,024 sq ft · 33%
Addable Coverage
0 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗ How the Basin compares
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